Horace Henry Baxter was a generous and extremely wealthy businessman. His ambition as a young man led him to find business success in investing and railroads. After making his fortune, Baxter returned home to Vermont and established a large estate. His business success allowed him to develop and donate to many institutions. He founded a bank, which became known nationwide, and made various contributions to the community, such as helping create the Rutland Free Library. Baxter also served the state during the Civil War. Baxter died on January 19, 1884, from an undiagnosed illness. Remains of his success can be found throughout the Rutland region.